2-05 Bid Bond - Required.pdf
PDF 124 KB Posted
- Attached to
- Poison Oak Road Realignment Phase II
- Solicitation number
- Bid #04-03-26
- Issued by
- Bell County, Texas
About this file
This is a Bid Bond form required by the City of Temple, Texas, a home rule municipal corporation located in Bell County, for the Poison Oak Road Realignment Phase II project. The bid bond must be completed and either uploaded to Bonfire or submitted as a hard copy by prospective contractors. The principal contractor and surety are jointly and severally bound to the City of Temple in an amount to be specified on the form as security for faithful performance of the bidding obligations.
The bid bond serves as a guarantee that the successful bidder will enter into the written contract and furnish satisfactory Performance and Payment Bonds upon award. If the principal withdraws its bid after opening and before official rejection, or if awarded but fails to execute the contract and provide required bonds, the City of Temple is entitled to collect the full amount of the bid bond as liquidated damages. The bond must include a Power of Attorney attached as a note, and any legal action arising from the bond shall be filed in Bell County, Texas. The referenced project involves approximately 4,200 linear feet of new four-lane roadway with associated bridge, drainage, water, pedestrian facilities, and lighting improvements, with an engineer's estimate of probable cost of $8,900,000 and a completion requirement of 550 consecutive calendar days from Notice to Proceed.
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Text version
COMPLETE & UPLOAD TO BONFIRE
OR SUBMIT VIA HARD COPY
BID BOND
THE STATE OF TEXAS § SURETY'S NO. ___________
COUNTY OF §
KNOW ALL MEN BY THESE PRESENTS, THAT
(hereinafter called the Principal), as Principal, and
(hereinafter called the Surety), as Surety, are bound unto the City of Temple, Texas, a home rule municipal corporation of Bell County, Texas (hereinafter called Obligee) in the amount
DOLLARS ($ ), for the payment whereof said Principal and Surety bind themselves, and their heirs, administrators, executors, successors, and assigns, jointly and severally, firmly by these presents.
WHEREAS, the Principal has submitted a Bid to enter into a certain written Contract with the
City of Temple for the construction of the following:
POISON OAK ROAD REALIGNMENT PHASE II
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the said Principal shall faithfully, enter into such written Contract, then this obligation shall be void;
otherwise, to remain in full force and effect.
IT IS EXPRESSLY UNDERSTOOD AND AGREED that if said Principal should withdraw its
Bid any time after such Bid is opened and before official rejection of such Bid or, if successful in securing the award thereof, said Principal should fail to enter into the Contract and furnish satisfactory Performance Bond and Payment Bond, the Obligee, in either of such events, shall be entitled and is hereby given the right to collect the full amount of this Bid Bond as liquidated damages.
COMPLETE & UPLOAD TO BONFIRE
OR SUBMIT VIA HARD COPY
PROVIDED, further that if any legal action be filed upon this Bond, venue shall lie in Bell
County, Texas.
IN WITNESS WHEREOF, the said Principal and Surety do sign and seal this instrument, this day of , 2026.
Principal/Contractor Surety
By
Address
By ________
Address ________
NOTE: Attach Power of Attorney
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